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The monotonicity of the reliability measures of the beta distribution. (English) Zbl 0954.62120

Summary: We investigate the monotonic properties of the hazard (failure) rate and mean residual life function (life expectancy) of the beta distribution. The monotonic properties are sometimes very useful in identifying appropriate models.

MSC:

62N05 Reliability and life testing
62E10 Characterization and structure theory of statistical distributions
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References:

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